It’s nice not to be alone in one’s thinking!
Here’s another “Chart of the Week” produced by Grep Opie of the Economic Research Council. It educates and demystifies ‘interest rates’ a little. If you click on the chart you get to the original posting with explanations.
They miss the crucial questions:
- why should HMG borrow?
- who doesn’t HMG create interest-free Cash electronically?
- since banks can create Credit from thin air and charge interest, why have successive governments allowed that to happen more and more?
Posted in Interest rates, Money supply, Usury
Tagged Arts, computer, Economic, Ecuador, Government, Julian Assange, London School of Economics, Music, National Employment Savings Trust, Oceania, technology
Global Research is that wonderful site which publishes remarkable articles and information about ‘globalisation’ as a buzz word, policy and euphemism for devastating consequences.
Here is one of their latest articles: The Federal Reserve Cartel: the Eight Families.
Dean Henderson is the author of Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network and The Grateful Unrich: Revolution in 50 Countries. His Left Hook blog is at www.deanhenderson.wordpress.com
Posted in Banks, Central Banks, Federal Reserve Bank, Fractional Reserve Banking, Global Financial Elite
Tagged Ben Bernanke, Economic, Federal Reserve System, finance, JPMorgan Chase, Persian Gulf, United States